Jim Cramer: Why Texas Instruments Isn't the Bellwether the Market Wants It to Be

Jim Cramer has some thoughts on the Texas Instruments
(TXN) - Get Report quarter.

He wrote about the company in his Real Money column Wednesday morning.

"This one's a tough-as-nails inquiry. You are talking about a $120 billion company with a fantastic balance sheet that has allowed for monster buybacks that will do more than $15 billion in sales. You cannot dismiss Texas Instruments lightly," wrote Cramer. "But, and this is a "I Like Big Butts and I Cannot Lie" kind of thing, but, the reason why the stock of Texas Instruments has been among the best performers in the group -- up 36%, as Eric Jhonsa noted in his fantastic piece last night on TheStreet.com -- is because it has done so well to get off the treadmill of cell phone innards and make those be far less important to its pastiche of business."